DBRS confirms Tim Hortons

DBRS said it has confirmed the long-term rating of Tim Hortons Inc. at A (low) with a stable trend.

The agency said that Tim Hortons continues to benefit from its position as the leading quick-service restaurant in Canada.

The rating also reflects the high level of competition in the restaurant industry as well as risks surrounding the company's U.S. expansion plans and volatile commodity prices, the agency noted.

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